Homebuyer Assistance Fund | City of Grand Rapids, Michigan

The Homebuyer Assistance Fund (HAF) program offers up to $7,500 for low- and moderate-income homebuyers. Buyers can use the money for down payment, closing costs, and prepaid expenses.

Homebuyer Requirements

At least 18 years old and has not owned a home within the last 3 years
Agrees to occupy home as primary residence for at least 5 years
Household income does not exceed 80% of the area median income (click here to see the 80% of AMI income limits per household size)
Household has $10,000 or less in assets (or will have $10,000 or less after closing on the home)
Pre-approved for a mortgage from a participating lender
Completes an approved homebuyer education course

Property Requirements

Located in Grand Rapids city limits
Meets HUD/FHA minimum property standards at the time of closing
Undergoes structural, mechanical, electrical, and plumbing inspections
Meets program guidelines regarding lead-based paint
Purchase price is at or below HUD established limits

Keep in mind that these requirements are here to provide general information. To apply for assistance through the Homebuyer Assistance Fund, you will need to first work with a participating lender to get pre-approved for a mortgage. Your lender will help submit your application.

A summary of the program and application process can be found here.

Applications for the Homebuyer Assistance Fund must be made through any one of the participating mortgage lenders listed below. Please call a Mortgage Lender in advance to arranging a time to meet with a loan officer.

Bank of America

250 Monroe Ave. NW

Phone: 704-305-0545

Guild Mortgage Co., LLC

8309 Thornwood Ave.

Phone: 505-444-3003

Mortgage One, Inc.

3243 East Paris SE

Phone: 616-575-9851

Treadstone Neighborhood Loans

210 Fulton St E

Phone: 616-774-9160

Choice One Bank

330 Market Ave. SW

Phone: 616-887-7366

Guaranteed Rate

6140 28th St. SE, Ste 125

Phone: 616-259-5761

Northpointe Bank

3333 Deposit Dr NE

Phone: 616-974-8416

Top Flite Financial, Inc.

4436 Broadmoor Ave SE, Ste A

Phone: 517-655-8200

Churchill Mortgage

5751 Byron Center Ave SE

Ste XY

Telephone: 616-284-4554

Horizon Bank

250 Pearl St NW

Phone: 616-214-3763

Old National Bank

5200 Cascade Rd. SE

Phone: 616-228-6000

Van Dyk Mortgage

2449 Camelot Court SE

Phone: 616-940-3000

Dart Bank

2311 E. Beltline Ave SE

Ste #102

Phone: 800-968-6818

Huntington National Bank

4495 Wilson Ave.

Phone: 234-900-7034

Opportunity Resource Fund

250 Monroe Ave NW #150

Phone: 616-202-3683

First Community Mortgage

1188 East Paris SE, Ste 200

Phone: 616-822-6557

Lake Michigan Credit Union

4027 Lake Dr.

Phone: 800-242-9790

Primary Residential Mortgage, Inc.

3181 Prairie SW. Ste. 109

Phone:616-483-7764

Fifth Third Bank

2456 Burton St. SE

Phone: 616-771-5788

Mercantile Bank

310 Leonard St NW

Phone: 800-453-8700

Prosperity Home Mortgage, LLC

3000 E. Beltline Ave NE

Phone: 616-826-6623

The following agencies are HUD approved to provide education and counseling to homebuyers. Please note, a fee may be involved. You are encouraged to contact multiple providers before making a choice.

ICCF Community Homes

415 Martin Luther King Jr. St SE, Suite 100, Grand Rapids, MI
Phone: 616-336-9333 x 300

Michigan State University Extension

775 Ball Ave NE, Grand Rapids, MI
Phone: 616-632-7874

Online Framework Homebuyer Education Course

Habitat for Humanity of Michigan

618 South Creyts Road, Suite B, Lansing, MI
Phone: 517-485-1006